Never get this idea of “it is a wrong time to enforce the tax” idea. It is a red herring. Sounds good but utter rubbish. If you think the tax is not a good idea, repeal it. Even suspend it by legislation. There is never a convenient time to enforce the law. Never.
In the last 6 years, If Nigeria was not in recession, it was recovering or another disaster was lurking. When exactly would it be convenient to do the right thing to stop kicking our fiscal mess to the next generation? When? We like deceiving ourselves.
Ignoring a tax law on the books is another form of corruption and opens up the citizenry to blackmail by corrupt officials to get “accommodation”. Again, if the tax is not convenient - repeal it. That is why we pay legislators hefty sums. To make the law. Let them do their jobs.
And if we decide we want to live in a low tax country, that is fine too. But let it be official. So we can promote it like Dubai, Estonia and Monaco. At least we can brand ourselves as one and get business as a result. Not that you have a certain law & a different reality.
Having the sword of Damocles and uncertainty constantly hanging over businessmen as a result of multiple layers of confusing and hidden taxes that is not enforced but can be activated at Will is the real enemy, and we should solve for that.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.